Posts Tagged ‘Lenders’
Microloans: Are They Right for Your Small Business?
So, you took the plunge. You decided to start your own business. Every day you’ll wake up with the personal satisfaction of being your own boss—no more unfulfilling work, inflexibility, lengthy commutes or other hardships via conventional employment. But, unless you’re swimming in gold like Scrooge McDuck, you need to acquire funding to turn your…
Read MoreWhen and From Where Should I Seek Business Funding?
There are many reasons why a business may require an injection of funds. Before you seek finance it is crucial that you establish whether you truly need external finance, how much you need and the most suitable source of funding for your needs. When to seek funding Only seek outside funding when: You have a…
Read MoreP2P vs. Line of Credit: Avoid the Wrong Funding
Apply for a loan. Reap the rewards. Apply for a small business loan today using this link and get a $100 gift card when you qualify*. *All Kabbage loans are issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC. Accept this offer and Kabbage will email you a free $100 Tango gift card to…
Read More3 Times Small Business Factoring is Right for Your Company
The success of many businesses depends upon how well they can manage working capital. Good working capital management ensures that small businesses can meet their routine operational expenses and manage debt. At the same time, businesses with a long account receivables cycle certainly find that managing working capital presents a challenge. Many companies turn to…
Read MoreThe 411 on Online Lenders
Online business loans are a quick and relatively easy way to get funds. However, there are often risks, too, including very high interest rates and unrealistic repayment schedules that can affect business financial health. A small business owner is left to wonder how to choose an online lender on top of all their other responsibilities.…
Read MoreCommon Pitfalls When Seeking Financing for Your Small Business
Small business owners often seek working capital to help with business growth, refinance existing business debt, or to purchase/update technology or equipment. When you are seeking financing for your small business, there are things you should be aware of to help streamline the process and time period it takes to fund your loan request. In…
Read MoreHow to Get a Loan Tailored to Your Specific Niche
Every business sector is different and has its own financing needs. Most sectors are cyclical but some less so, and whilst some sectors traditionally experience peaks in the summer and lulls in the winter, others find precisely the opposite. So when you’re seeking business finance, it’s important that your lender understands your industry and its…
Read More9 Smartest Ways to Avoid Faulty Loans
Loans are vital for small businesses looking to grow and build their credit history. Yet obtaining an SMB loan isn’t easy, and many applicants never qualify. Desperate for funding, they turn to companies that promise loan approvals and low-interest rates, but most of these companies are scammers preying on small business owners. Fortunately, most scammers…
Read More5 Simple Ways to Raise Capital for Your Small Business
Small businesses don’t necessarily need to grow quickly (though they should certainly want to grow, as stagnation is one very small step away from contraction). They often operate in less competitive markets and don’t have the explicit goal of becoming a huge company. Without the brutality of highly-funded competitors trying to eat your lunch day after day,…
Read MoreCan My Business Qualify for a Credit Line from the Bank?
One of my beloved business owners just asked, “Can my business qualify for a credit line from a bank, a traditional lender?” It matters because if your business can meet traditional lender requirements, your interest charges will be a WHOLE LOT LESS. You want this because it’s a better use to cash to find new…
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